Author: NBTC
In crypto trading, the promise of massive gains often comes with the risk of heavy losses. Over the years, several high-profile crypto traders have made headlines for their bold bets, only to see their fortunes crumble when the market turned against them. From Bitcoin (BTC) to Ethereum (ETH), the crypto market has proven to be a double-edged sword. Millions can be made or lost in just hours, and traders are left to deal with the fallout from their high-risk moves. Here are the stories of three crypto traders who wiped out millions: James Wynn James Wynn, a pseudonymous trader on…
On-chain data suggests institutions are increasingly offloading Lido DAO (LDO), the liquid staking platform on the Ethereum (ETH) blockchain. Over the past month, institutional wallets have transferred approximately 48.48 million LDO, valued at $45.6 million, to exchanges, according to blockchain analytics data retrieved from Arkham Intel on June 10. Among the most recent transactions, Paradigm Capital moved 10 million LDO through a series of deposits to exchanges such as Gate.io, Bybit, OKX, and Binance. These transfers ranged from 500,000 to 1.76 million LDO over the past week and month. This uptick in exchange inflows hints at potential selling pressure, as…
Sen. Cynthia Lummis pushes to include major crypto tax reforms in the GOP’s 2025 spending bill. Proposals include applying the wash-sale rule to crypto and exempting Bitcoin miners from reporting gains. The reforms face mixed reactions as Senate Republicans negotiate with President Trump on the broader bill. Senator Cynthia Lummis (R-Wyo.) is making a strong move to reshape how the U.S. taxes crypto by pushing to include key digital asset provisions in the Senate Republicans’ 2025 tax-and-spending bill. A longtime Bitcoin supporter, Lummis is working with Senate Finance Chair Mike Crapo (R-Idaho) to fold in parts of her bipartisan crypto…
Binance, the world’s largest cryptocurrency exchange, is maintaining its position at the top as it currently holds the majority of stablecoin liquidity. That is, 59% of all stablecoin reserves are valued at $31.45 billion in USDT and USDC. Binance leads in liquidity, inflows and Bitcoin deposits According to the CryptoQuant update, Binance is more than three times bigger than its closest competitor, OKX exchange, which holds 15.39% worth $8.20 billion. This also indicates that more trading activity involving digital currency trade occurs on Binance than on any other exchange. Binance holds 59% of all stablecoin reserves, with $31B in USDT…
Apertum has officially been designated as a general Layer-1 blockchain within the Avalanche ecosystem, a rare and prestigious classification that highlights its significant contribution and influence. This recognition distinguishes it from self-proclaimed blockchains as Apertum breaks into the Tier-1 blockchain category. By the end of Q1 2025, Apertum had already catalyzed considerable growth across Avalanche’s ecosystem, demonstrating the tangible impact of its infrastructure and adoption. The blockchain’s rapid rise to prominence is backed by independently validated data and a strong set of metrics. According to the Messari Q1 2025 Avalanche Ecosystem Report, Apertum was a key driver of increased activity…
Bitcoin’s price reclaimed $110,000 on Wednesday morning, surging briefly after the US May inflation report came in below economists’ expectations, according to TradingView data. At press time, the largest digital asset was trading around $110,300, marking a slight gain over the past 24 hours. Nic Puckrin, crypto analyst, investor, and founder of The Coin Bureau, believes Bitcoin has further upside potential as inflation is milder than expected and market fears around Trump’s tariffs have subsided. Trump announced today on Truth Social that the US had reached a new trade deal with China, pending final approval by both leaders. He added…
NodeX has recently revealed the strategic alliance with Ice Open Network in an important announcement related to the decentralized finance (DeFi) and blockchain space. The partnership will see the combination of the best of both worlds between the modular DeFi infrastructure of NodeX and the high-performance Layer 1 blockchain of Ice Open Network, ION, establishing the foundation of a new era of composable and user-first Web3 innovation. 🚀 We’re thrilled to announce our strategic collaboration with @ice_blockchain !Nodex 🤝 IONThis partnership brings together ION’s scalable Layer 1 blockchain and no-code dApp builder with Nodex’s modular DeFi infrastructure.🌐 What to expect:Seamless…
Elon Musk’s personal net worth has declined $150 billion since the abrupt and very public end to his working relationship with President Donald Trump, reports Bloomberg. On December 17, in the midst of Trump’s post-election run-up, Musk’s net worth hit an all-time high of $486 billion. Today, he’s worth $335 billion. Despite a few months working side-by-side with Trump and his administration, their working relationship fell apart this week — sending Musk’s net worth plummeting. Disenchanted with the effectiveness of Musk’s Department of Government Efficiency (DOGE) that the Tesla and SpaceX supremo once claimed would save American taxpayers $2 trillion,…
The US Securities and Exchange Commission has asked prospective Solana ETF issuers to submit amended S-1 forms within the next week, three sources with knowledge of the matter told Blockworks. The agency told issuers it would make comments on the S-1s within 30 days of their submission, two sources added. The SEC asked issuers to update language surrounding in-kind redemptions and how issuers would approach staking, the sources said, adding that the agency appears open to including staking as part of Solana ETFs. One source estimated these updates could put Solana ETFs on track to be approved within three to…
The Federal Reserve — a key regulator of U.S. banking — is about to have a new vice chairman for supervision, Michelle Bowman, who will ultimately guide how the Fed oversees the financial system, possibly including how stablecoin issuers are regulated. After a tight party-line confirmation vote in the Senate approved the Kansas Republican’s nomination 48-46, Bowman, who has already been serving as one of the Fed board’s governors, will now be elevated to one of its leadership roles. The supervision job was created after the 2008 global financial meltdown and is meant to help focus the central bank’s regulatory…